MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 138,806 Shares of Company Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 138,806 shares of MediaAlpha stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $14.78, for a total transaction of $2,051,552.68. Following the transaction, the insider directly owned 2,174,901 shares in the company, valued at $32,145,036.78. This trade represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Steven Yi also recently made the following trade(s):

• On Wednesday, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The stock was sold at an average price of $15.50, for a total transaction of $2,342,499.50.
• On Tuesday, November 3rd, Steven Yi sold 130,065 shares of MediaAlpha stock. The shares were sold at an average price of $15.05, for a total transaction of $1,957,478.25.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The shares were sold at an average price of $11.01, for a total transaction of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.38, for a total transaction of $594,240.00.

MediaAlpha Price Performance

Shares of NYSE:MAX opened at $15.02 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 8.49. The stock has a market cap of $920.00 million, a PE ratio of 8.25 and a beta of 1.12. The company’s fifty day moving average is $11.40 and its 200 day moving average is $10.71. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $15.99.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The business had revenue of $375.95 million during the quarter, compared to analyst estimates of $347.93 million. Research analysts anticipate that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Key Headlines Impacting MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

Wall Street Analyst Weigh In

MAX has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their target price on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Wall Street Zen cut MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Canaccord Genuity Group boosted their price objective on MediaAlpha from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. The Goldman Sachs Group boosted their price objective on MediaAlpha from $10.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. Finally, Zacks Research lowered MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.71.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of MediaAlpha by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company’s stock valued at $452,000 after acquiring an additional 1,846 shares during the period. Covestor Ltd raised its stake in shares of MediaAlpha by 21.2% during the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock valued at $56,000 after acquiring an additional 1,011 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of MediaAlpha during the third quarter worth about $248,000. State of Wyoming purchased a new stake in shares of MediaAlpha during the third quarter worth about $109,000. Finally, Triad Investment Management boosted its holdings in shares of MediaAlpha by 10.4% during the second quarter. Triad Investment Management now owns 368,731 shares of the company’s stock worth $4,635,000 after purchasing an additional 34,867 shares during the period. Institutional investors own 64.39% of the company’s stock.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.